Page 2 - 57-59 Borden Avenue, Norwich, NY
P. 2

ABOUT



                                                        Multi-Tenant        TENANTS
                                                         Industrial
                                                     Manufacturing Center        4





     INVESTMENT HIGHLIGHTS





                                1                              2                               3

                       $3,728,000                     TYPE: INDUSTRIAL                 LEASE TYPES

                       PURCHASE PRICE
                                                          139,925 SF
                          $26.64 PSF                       Multi-Tenant               Gross, Modified Gross
                                                        Manufacturing Center
                                4                                                              6
                                                               5
                           10.54%                                                          15.54%
                          CAP RATE                       $392,877                       CASH ON CASH
                                                                                            RETURN
                                                      NET OPERATING INCOME




     PROPERTY OVERVIEW                                                                          WHY BUYS


     PROPERTY DETAILS                                              •  Anchor Tenant’s Parent Company is Kerry Group, a

                                                                      S&P BBB+ Credit Rated Company
     Parcel Number                        081100 136.25-1-1.1
                                                                   •  The Largest Industrial Site in Norwich, NY
     Parcel Size                                  16.51 Acres
                                                                   •  97% Occupied By Long Term Tenants
     Zoning                                          Industrial
                                                                   •  Heavy Manufacturing in Building, Provides
     Building Square Feet                             139,925
                                                                      an Equipment Component
     Insulated Storage Area                             5,672
                                                                   •  Building Recently Renovated In 2012
     Parking                                             216
                                                                   •  Located in an Economic Development Zone
     Parking Ratio                               1.54/1000 SF
                                                                   DEBT QUOTE
     Year Built/ Renovated                         1959/2012
     Construction Type                          Concrete Block
     Dock Doors                                           12       LOAN TO VALUE   70%       TERM            5 Years - Fixed

     Drive-In Doors                                        3       INTEREST RATE   4.50%     AMORTIZATION    20 Years
     Ceiling Heights                                19'6"-21'      RESERVES        $0.15 PSF  CASH-ON-CASH   15.54%

     Electric                         1-480/3ph- 1-208/230/3ph
                                                                   *Loan information is time sensitive   BOB BECKMAN, Director of Finance
     Rail                                      (Inactive) NYS&W    and subject to change. Contact your   Marcus & Millichap Capital Corp.
                                                                   local Marcus & Millichap Capital   Wynnewood, PA • 215.531.7034
     Expansion Opportunity                          60,000 SF      Corporation representative.
                                                                                             bob.beckman@marcusmillichap.com
   1   2   3   4